Years ago, I announced why I’m paying down my mortgage early. I ended up paying off a mortgage in 15 years and feel great about it. As an early retiree who started the FIRE movement in 2009, I suggest paying off your mortgage early too. Ideally, we should all pay down our mortgage before we […]
Why I’m Paying Down My Mortgage Early And Why You Should Too Read More »
Lean FIRE (Financial Independence Retire Early) is being able to retire before the conventional age of 60+ with a very lean budget and simple lifestyle. For background, I helped kickstart the modern-day FIRE movement in 2009 when I started Financial Samurai. Lean FIRE means your investments can only cover your basic necessities like food, transportation
What Is Lean FIRE? The Minimalist’s Way To Retire Early Read More »
You may not realize this, but a health savings account (HSA) can be used as a retirement vehicle. If you’ve maxed out your 401(k) and IRA contributions, maxing out an HSA could be another source of retirement funds. A health savings account offers triple tax savings because you contribute pre-tax dollars, pay no taxes on
Using A Health Savings Account As A Retirement Vehicle Read More »
Financial Samurai was started in 2009 and is one of the top personal finance sites online with over 1.5 million organic pageviews a month. Financial Samurai is also one of the pioneers of the modern day FIRE movement, encouraging people to smartly save, invest, and live off their passive income to life a life of
Financial Samurai Net Worth And Retirement Income Read More »
Imagine retiring by age 40, or FIRE (Financial Independence Retire Early). You may have to prepare for a 50-year retirement! Traditionally, the average American retires by age 65 and prepares for a 20-25-year retirement. However, with the median life expectancy increasing and more people desiring to retire earlier, we must plan for even more unknowns.
Preparing For A 50-Year Retirement With Vanguard’s New Return Assumptions Read More »
My wife and I moved to San Francisco in 2001, and after 18 years, we finally decided we’ve had enough. Our plan now is to cash out of the tech IPO boom and move to Hawaii to semi-retire in our early 40s. Selling property now sounds like a good idea with the housing market is so
Selling Property During The Tech IPO Boom And Retiring Early To Hawaii Read More »
The sooner you can plan for retirement the better. Too many people wake up 20 years from now and wonder where all their money went. By having specific retirement goals by age, you will be much better off than if you just decided to wing it. Retirement planning – and indeed financial planning in general
Retirement Goals By Age For A Better Life Read More »
Are you wondering how much should you have saved by age 35? You’re in the right place because Financial Samurai is the leading independently-owned personal finance site in the world that started 2009. Your mid-30s should be some of the best years of your life. At 35, you should also be super-focused on your personal
How Much Should I Have Saved By 35? A Retirement Savings Guide Read More »
According to the US Census Bureau’s Current Population Survey report, 69% of Americans retire by age 66 and 81% of Americans retire by age 69. Therefore, the most popular retirement age in America is between 66 and 69. However, the most popular retirement age range is between 61-65, where 51% retire. The second most popular
The Most Popular Retirement Age In America Read More »
The FIRE movement, short for Financial Independence Retire Early, has really picked up steam since the financial crisis. If you’re feeling early retirement FOMO, it’s important you know the risks of FIRE before you take the leap. In 2009, I helped ignite and start the FIRE movement when I started Financial Samurai to discuss achieving financial independence at
The Risks Of FIRE: Financial Independence Retire Early Read More »
